The Senior Financial Officers are committed, when acting on behalf of IFB, to adhere to the principles of honesty, integrity, accountability, responsibility, fairness, and respect for others. In particular, they have the following individual obligations:
(6) Our corporate responsibility activities are focused under the overall theme of 'responsible banking'. This means acting fairly, with integrity and ethically in everything we do. As we expand internationally, we aim to take full account of the responsibility this brings.
(7) We believe that best practice governance, controls and compliance are essential. We with the highest standards of integrity and honesty in all our operations, to ensure that customers can entrust their business to us with confidence. We recognise that bribery and corruption have an adverse effect on communities wherever they occur, and are committed to enforcing best practice in addressing the issue.
(8) Signatory rights. Each executive director has the right to bind the bank with his sole signature for up to 25.000 Euros or equivalent in another currency. The signature of two executive directors binds the bank for amounts of up to 250.000 Euros or equivalent in any other currency. For all amounts above 250.000 Euros the signature of the president is mandatory.